Dream Global REIT (TSE:DRG.UN) Price Target Raised to C$16.00
Dream Global REIT (TSE:DRG.UN) had its target price hoisted by Royal Bank of Canada from C$15.00 to C$16.00 in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other equities research analysts have also recently commented on DRG.UN. National Bank Financial increased their price target on shares of Dream Global REIT from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Monday, August 12th. CIBC increased their price target on shares of Dream Global REIT from C$26.00 to C$27.00 in a report on Monday, August 12th. Finally, Canaccord Genuity increased their price target on shares of Dream Global REIT from C$15.50 to C$16.50 in a report on Monday, August 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$18.00.
TSE:DRG.UN opened at C$14.25 on Wednesday. The company’s 50 day moving average price is C$14.10 and its 200-day moving average price is C$13.80. Dream Global REIT has a 52 week low of C$11.58 and a 52 week high of C$15.44. The company has a quick ratio of 0.24, a current ratio of 0.70 and a debt-to-equity ratio of 74.83. The stock has a market cap of $2.75 billion and a price-to-earnings ratio of 4.76.
Dream Global REIT is a real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dream Global REIT's portfolio currently consists of approximately 19.9 million square feet of gross leasable area of office, industrial and mixed-use properties across Germany, the Netherlands, Austria and Belgium.
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